Used car market

Howard the Duck

Howard the Duck

Striker
How temporary do people think the current inflation of the used car market is likely to be?

Is it a case that once parts and microchip production has caught up that it will just crash back down to ‘normal’ levels pretty much straight away? How long is that likely to be?

Are new car prices similarly inflated at the moment or is the demand not there due to the waiting times?

I’m not sure how long my current car has got left in it but I don’t know whether it’s best trying to ride it out for a while until/in case prices settle.
 


No idea but mate of mine in Sunderland says he’s just been offered a car for sale. Keyless push button start. Bit of minor work needed on the door handle but otherwise in good condition. Needed a bit of a cleanup though. Previous owner was a bit scruffy judging by the amount of used tissue paper and stiff socks all over the floor. Oddly there was a leather zip up mask in the glove compartment. Possibly he was into scuba diving.
Anyway, mate turned it down and called the cops as he suspected that the car might have been stolen.
 
Howard the Duck said:
How temporary do people think the current inflation of the used car market is likely to be?

Is it a case that once parts and microchip production has caught up that it will just crash back down to ‘normal’ levels pretty much straight away? How long is that likely to be?

Are new car prices similarly inflated at the moment or is the demand not there due to the waiting times?

I’m not sure how long my current car has got left in it but I don’t know whether it’s best trying to ride it out for a while until/in case prices settle.
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The price of your next car might not be too bad but it depends on the vehicles age, its nearly new cars ie under 3 years old that are particularly inflated.
 
Howard the Duck said:
How temporary do people think the current inflation of the used car market is likely to be?

Is it a case that once parts and microchip production has caught up that it will just crash back down to ‘normal’ levels pretty much straight away? How long is that likely to be?

Are new car prices similarly inflated at the moment or is the demand not there due to the waiting times?

I’m not sure how long my current car has got left in it but I don’t know whether it’s best trying to ride it out for a while until/in case prices settle.
Click to expand...
I think while the new car prices might not have changed, there won’t be many discounts kicking about so you’ll pay closer to list price.

A lad at work has a discovery Sport on order since the start of the year and the price is agreed but his trade in has gone up £2500 in value since ordering. The dealer has said if he prefers he can WBAC his old car and put the equivalent in in cash so in effect he should click the 2.5k.
 
Was debating getting something wsy more economical but with all current uncertainty I went for a remsp for now.
Remap
 
Bought a merc e class AMG just under 3 year old - less than 30k on the clock in December or Jan via flipping cars. It cost £17ish but with costs etc it was almost £18k. Been offered £23600 10 months later. I think I should take it and buy a run around until they level off.
 
We'll be wanting a new or newer car in the next 5-ish years. We are considering an electric one.

With Diesel sales dropping and electric rising, there is surely going to be a lot of one or two years old diesels going cheap.

Could get a good 10 years out of those, but its a bit of an unknown what taxes and penalties will be lumpted onto them to force them out of the market.
 
Said it on other threads I bought a 2019 discovery sport with 14,000 on the clock in April... For 29k

The dealership has the same model 19 plate car with similar mileage to what was on the one we bought for 36k


7k rise in under 6 months..

Even with the 6,000 miles we have put on ours I could get about 32-33k
 
garyswc said:
The price of your next car might not be too bad but it depends on the vehicles age, its nearly new cars ie under 3 years old that are particularly inflated.
Click to expand...
This is what I found last week when I had a little look around, our car(kuga) is holding its value really well so thought I’d see if I could get a bit of an upgrade. Looked at a canny few cars even adding a good few grand more than what I paid 2yr ago and that didn’t get close to my car now in terms of spec. So basically I’d be paying more for a car with lower spec, smaller engine and less power.
 
I bought mini clubman just over 2 years ago and its currently worth the same amount i paid for it. I have thought whether to sell it and buy a runaround with the money thats now profit in the car or just keep it and not worry. Would save me £300 a month if i got rid of it though, but theres nothing wrong with it and would i be buying someone elses problems if i bought a much older car
 
Epping said:
Said it on other threads I bought a 2019 discovery sport with 14,000 on the clock in April... For 29k

The dealership has the same model 19 plate car with similar mileage to what was on the one we bought for 36k


7k rise in under 6 months..

Even with the 6,000 miles we have put on ours I could get about 32-33k
Click to expand...
I lied.. it's not at 37k

 
ozz said:
Bought a merc e class AMG just under 3 year old - less than 30k on the clock in December or Jan via flipping cars. It cost £17ish but with costs etc it was almost £18k. Been offered £23600 10 months later. I think I should take it and buy a run around until they level off.
Click to expand...

this is exactly what i done.

bought a 68 reg merc a class for £16k in May. Sold it for £22,500 last month. Bought a 2015 bmw 1 series 125 m sport for £10,500 and put the rest of the cash in the bank. No brainer in my opinion, and the 1 series is actually a far better car to drive.
 
Caer_Urfa said:
this is exactly what i done.

bought a 68 reg merc a class for £16k in May. Sold it for £22,500 last month. Bought a 2015 bmw 1 series 125 m sport for £10,500 and put the rest of the cash in the bank. No brainer in my opinion, and the 1 series is actually a far better car to drive.
Click to expand...
I just sold my old golf for 400 quid on facebook marketplace . Had 52 enquiries within 3 hours ..

Bought a 65 plate golf with 65k on the clock and had to pay close to 11k and no negotiation... Run it for couple years then get something better when prices stabilise
 
Epping said:
Said it on other threads I bought a 2019 discovery sport with 14,000 on the clock in April... For 29k

The dealership has the same model 19 plate car with similar mileage to what was on the one we bought for 36k


7k rise in under 6 months..

Even with the 6,000 miles we have put on ours I could get about 32-33k
Click to expand...
Are you not tempted ? Not often you make money on cars !
 

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